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Why Isn’t Pi Network Listed on Binance, the World’s Largest Exchange? 15 Key Reasons Explained

## Introduction: The “Why” Behind Pi Network and Binance

The cryptocurrency world constantly sees new projects emerge, each garnering attention. Pi Network, with its tens of millions of users and its unique smartphone mining approach, is a prime example, generating significant buzz due to its accessibility and enthusiastic community. Meanwhile, Binance, a behemoth in digital asset trading, wields immense market influence through its unparalleled trading volume and extensive user base. For many cryptocurrency projects, a Binance listing is considered the holy grail, capable of dramatically altering their trajectory overnight.

However, despite its large user base and dedicated community, Pi Network remains unlisted on major exchanges like Binance. This “why” has been a long-standing question within the Pi Network community. Why would the world’s largest exchange not list such a widely adopted digital asset?

This article delves into the complexities, exploring 15 crucial reasons why Pi Network is reportedly not listed on Binance, offering a multifaceted perspective. We’ll examine the underlying issues from technical hurdles and economic models to governance and regulatory concerns, unraveling the intricacies. This article aims to provide a deeper, more accurate understanding of Pi Network’s current state and future prospects.

## Technical Barriers to Listing: Infrastructure Challenges Facing Pi Network

At the heart of Pi Network’s inability to secure a Binance listing lie significant technical issues. Binance lists only coins with robust, secure, and scalable blockchains. They demand open and auditable code, seamless integration, and proven performance. However, Pi Network’s current infrastructure fundamentally differs from these Binance standards.

### A Closed Mainnet: The “Greenhouse” Preventing Exchange Integration

Pi Network’s mainnet currently operates in what’s termed the “Enclosed Network Phase.” This crucial development stage is akin to a greenhouse, nurturing a delicate plant. It’s not connected to external blockchains or the broader cryptocurrency market, forming a walled garden ecosystem functioning solely within Pi Network’s internal system. This isolation is intentional, allowing the core team to fine-tune the network, identify and address potential vulnerabilities, and establish a stable and secure foundation.

### Binance’s Inability to Create Wallets and Verify Transactions: Due to this closed-network nature, major exchanges like Binance cannot create Pi coin wallets. They lack the ability to independently verify Pi coin deposits on their platform. This is a fundamental requirement for guaranteeing the legitimacy of assets handled by exchanges, posing a critical problem for Binance.

### Lack of Transparency and Verifiability: Risks Associated with a Closed Network: Furthermore, as long as Pi Network’s blockchain remains closed, Binance and other exchanges cannot audit transactions on the Pi Network. This lack of transparency poses a significant risk. The absence of verification and auditing capabilities is unacceptable for reputable exchanges. Exchanges handling billions of dollars in user assets bear a fiduciary responsibility to protect those funds. Unless Pi Network becomes a fully open, permissionless mainnet where anyone can access and verify blockchain data, Binance would essentially be “flying blind,” operating without the necessary visibility into Pi Network’s inner workings.

Pi Network’s current strategy focuses on maturing its ecosystem, building a strong community, and developing practical use cases for Pi coin before opening the mainnet to the public. However, this approach directly clashes with the fundamental requirements of major exchanges like Binance, which prioritize transparency and independent verification. Therefore, until Pi Network’s mainnet becomes fully open, permissionless, and accessible to external validators, a listing on major exchanges is technically impossible – a significant hurdle to overcome for broader adoption.

## Binance Compatibility Issues: The Cost of a Custom Blockchain

Even if the mainnet were open, Pi Network’s custom blockchain isn’t built on the BNB Smart Chain (Binance’s proprietary blockchain network) or Ethereum, which Binance prefers. Binance favors projects built on its own chain for easier and safer integration.

Listing Pi Network would require custom engineering, development of new wallet software, and ongoing maintenance from Binance—a considerable investment for a relatively new and unproven asset. With thousands of compatible projects awaiting listing, Pi Network’s independent blockchain structure is a significant disadvantage.

## Liquidity and Market Confidence: Pi Network’s Economic Challenges

In the cryptocurrency market, liquidity reigns supreme. Binance requires deep, verifiable on-chain liquidity to ensure smooth trading and prevent market manipulation. However, Pi Network currently fails to meet this requirement.

### Opaque On-Chain Liquidity: Divergence from Exchange Liquidity Principles:
Pi Network’s closed mainnet means no public exchanges or decentralized exchanges (DEXs) exist. All transactions are limited to off-chain transactions or direct peer-to-peer (P2P) trades. In this situation, Binance cannot verify Pi Network’s actual liquidity.

### Market Manipulation and Volatility Risks: Listing illiquid assets increases the risk of wild volatility and market manipulation by a few large holders. Since Binance prioritizes user asset protection, Pi Network cannot meet Binance’s minimum requirements without verifiable on-chain liquidity. This resembles a chicken-and-egg problem, a challenge yet to be resolved.

## Uncertainty in Token Economics: Concerns Regarding Pi Coin Design and Distribution

Binance seeks projects with fair and transparent token distribution and clear supply mechanisms. Pi Network’s smartphone mining approach is innovative, but its supply and distribution methods are opaque and deviate from conventional standards. Unclear supply, allocations to insiders, and ambiguous inflation control raise red flags for Binance.

### Unclear Supply: A Black Box Making Valuation Difficult:
The exact number of Pi coins in circulation is currently unknown. The supply dynamically fluctuates based on user activity, but there’s no publicly available on-chain dashboard detailing this. This prevents Binance from calculating Pi’s accurate market capitalization or assessing inflation risks.

### Contradiction with the “Don’t Trust, Verify” Principle: A core principle in the cryptocurrency industry is “Don’t Trust, Verify.” However, for Pi Network, supply information relies solely on the core team’s statements, lacking transparency. Until Pi Network provides complete on-chain accounting data, Binance can only speculate about Pi’s economic situation—an unacceptable scenario.

### Centralized Distribution Risk: Core Team Token Holdings and Lack of Transparency:
The Pi Network core team reportedly holds 20% of the total supply—a substantial portion. However, there’s no vesting schedule or disclosure of publicly available wallet addresses. Binance views this as a centralization risk, as insiders could potentially dump a large number of tokens, crashing the market price.

For a Binance listing, Pi Network needs to lock core team tokens in auditable smart contracts and demonstrate fair distribution. Currently, the risk is deemed too high.

### Ambiguous Supply Control: A Governance System Threatening Stability:
Pi Network allows users to earn higher mining rates by locking tokens. However, broader supply control mechanisms are unclear and not on-chain automated. Binance seeks predictable and transparent mechanisms, avoiding the current reliance on manual or arbitrary decisions. Unless Pi Network provides clear and public rules regarding token unlocking and burning, Binance will find it difficult to predict Pi’s future economic model.

## Governance and Transparency: Deviation from Decentralization Principles

Binance values projects with decentralized governance and open operations. However, Pi Network’s decision-making shows a centralized tendency, with limited community input and code transparency.

### Centralized Decision-Making: A Single Point of Failure in Project Operations:
The Pi Network core team controls almost all aspects of the project: code, servers, and KYC processes. True decentralization means distributed authority and a robust system. Pi Network, however, is viewed as having a single point of failure.

Binance wants to see concrete progress toward community governance and a decentralized infrastructure. Until Pi Network delegates meaningful control to the community, a listing remains a high-risk gamble for Binance. This centralization is a major barrier.

### Lack of Open-Source Code and a Detailed Roadmap: Obstacles to Due Diligence:
Publishing open-source code and a detailed roadmap are standard practices in the cryptocurrency industry. Binance’s team needs to audit the code and track the project’s milestones. However, Pi Network’s core blockchain code isn’t fully open, and its roadmap lacks detail and deadlines.

As long as this fundamental lack of transparency persists, Binance cannot conduct proper due diligence. For a listing, Pi Network needs to open-source its code and publish a clear, time-bound roadmap.

## Regulatory and Legal Ambiguity: The Biggest Hurdle

Binance operates globally and cannot risk listing tokens with legal ambiguities or warnings from regulators. Especially after paying a $4.3 billion penalty and strengthening its compliance, every Binance listing faces stringent legal scrutiny. Pi Network’s unique model presents complex legal issues that Binance cannot ignore.

### Unclear Legal Status: Regulatory Warnings and Binance’s Cautious Stance:
Pi Network’s legal status is unclear. Whether it’s a currency, commodity, security, or something else remains undefined. Some countries have issued warnings against Pi Network, with some even labeling it a potential pyramid scheme.

### Binance’s Compliance-First Approach: For Binance, even a single regulatory red flag is a significant compliance headache. Navigating the complex web of different laws worldwide is risky and expensive. After the hefty $4.3 billion penalty, Binance is now extremely cautious. Compliance is the top priority, and listing standards are higher than ever. Tokens like Pi Network with legal uncertainty are likely to be rejected outright. Binance cannot afford further regulatory missteps.

### “Security” Determination Risks: The Howie Test and SEC Scrutiny:
Whether Pi Network is a security or a utility token remains ambiguous. US law uses the Howie Test to determine if a cryptocurrency is a security. Pi Network’s model falls into a gray area under this test.

If Pi Network is deemed a security, Binance would need special licenses, facing massive legal risks. Given the SEC’s tough stance on cryptocurrencies, even a hint of doubt leads to rejection. Until Pi Network’s legal status is clarified, Binance won’t touch it.

## Conclusion: Challenges Pi Network Must Overcome for a Binance Listing

We’ve explored 15 complex reasons why Pi Network hasn’t been listed on major exchanges like Binance. This isn’t due to oversight or neglect; it’s a confluence of factors spanning technical readiness to regulatory compliance. Understanding these reasons is crucial for anyone interested in Pi Network and the broader cryptocurrency landscape, offering deeper insights into future challenges and opportunities.

Pi Network’s challenges aren’t single, isolated issues; they’re a web of interconnected technical, economic, governance, and legal barriers. Each aspect presents its own hurdle, requiring dedicated effort and strategic solutions for Pi Network to realize its full potential and achieve wider acceptance within the cryptocurrency community.

Pi Network’s large community is impressive, a testament to the project’s vision and user dedication. However, a large community doesn’t guarantee a major exchange listing. Regardless of user base size, specific criteria and requirements must be met.

First, the mainnet must be open, enabling unrestricted trading and full functionality, demonstrating project viability and readiness for broader adoption. Second, token economics must be transparent, providing clear information about Pi coin distribution, supply, and the overall economic model. This transparency is crucial for building trust among potential investors and users. Third, governance must be decentralized, allowing the community to participate in key decisions and ensuring that the project isn’t controlled by a single entity. This fosters a sense of ownership and promotes long-term sustainability. Finally, legal clarity is paramount, ensuring Pi Network operates within the applicable laws and regulations. This is especially important given the evolving cryptocurrency regulatory landscape.

Ultimately, the ball is in Pi Network’s court. Whether the core team and community can address these challenges head-on and demonstrate a commitment to building a robust and sustainable cryptocurrency remains to be seen. Time will tell if they can overcome these hurdles and achieve their goals.

## Related Information and Further Learning

Pi Network’s future trajectory is noteworthy for the entire cryptocurrency industry. How Pi Network navigates the challenges outlined in this article—or doesn’t—will provide valuable lessons. For the latest updates on Pi Network and to deepen your cryptocurrency expertise, continuous learning from reliable sources is recommended.

Share your predictions and opinions about Pi Network’s future. We welcome lively discussions in the comments section. And if you found this analysis helpful, please explore other articles on our blog. We strive to provide the latest insights and analysis to satisfy your intellectual curiosity.

Is the Pi Network Binance Listing Rumor True? An Expert Explains the Truth Behind the ‘Logo Controversy’ and Future Outlook!

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Introduction: Pi Network, Mineable on Smartphones, Rumors of Listing on Major Exchange Binance Surfacing Rapidly?

Pi Network, which has been gaining users worldwide as a cryptocurrency that can be “easily mined on smartphones,” has recently garnered significant attention due to rumors circulating mainly on social media that it might be listed on Binance, one of the world’s largest cryptocurrency exchanges. This article aims to help you, a business person knowledgeable about IT and technology trends, correctly understand this information and make informed decisions. We will delve into the origins of the rumors, the current facts, and future prospects from an expert perspective, explaining everything clearly and in depth. We will address both the expectation of “maybe something is happening…” and the question of “is it really okay?”.

Origin of the Rumor: The “π” Logo in a Binance Social Media Post? What Exactly Happened?

The source of the recent stir is a post allegedly from Binance’s official X (formerly Twitter) account, which contained multiple marks resembling the Pi Network logo “π (Pi)”. Seeing this, excited voices spread, saying, “Is this finally a sign of listing!”. In this section, let’s objectively organize the facts about what kind of post it was specifically and how the community reacted.

Link to the actual post

What was the content of the trending social media post?

According to source information and some overseas media, Binance’s official account posted an image with an arrangement of the Binance logo, accompanied by a caption to the effect of “This is what happens when a developer with zero design sense touches art.” Some users began pointing out that multiple symbols closely resembling the Pi Network’s “π” logo were cleverly placed within that image. (You can confirm this by zooming in on the image at the top of the blog.) This became the trigger for speculation to rapidly spread that “Binance might be hinting at a Pi Network listing?” It was reported that the comment section of that post was indeed flooded with expectant voices like “When is the Pi listing?” and “This is about Pi!”.

Perhaps some of you felt, “Could something big be happening?”.

Does the “π” mark really indicate Pi Network? Various interpretations

Certainly, the pointed-out mark closely resembles the Pi Network logo. However, it is currently impossible to definitively say whether this was a “hidden message” intended to signal a Pi Network listing, or merely a coincidence in the design, or perhaps a joke with a different meaning. In the world of cryptocurrency, information like this “puzzle-solving” often excites the community, but until there is official confirmation, it remains purely in the realm of speculation.

Community Enthusiasm and Voices of Expectation

Pi Network has a large number of users (called Pioneers) worldwide due to its ease of use. For them, having the Pi coins they have been mining listed on a giant exchange like Binance means a significant step towards their value being publicly recognized and becoming tradable. Therefore, it is natural for expectations to swell greatly even with just a slight indication. However, the greater the expectation, the more important it is to gather information calmly.

【Fact Check】Official Announcements from Binance and Pi Network Management? Calmly Confirm the Current Situation

Let’s put aside the excitement on social media for a moment and check the most important “official information.” Have Binance or the Pi Core Team, the management body of Pi Network, made any official comments or announcements regarding this matter? To avoid being swayed by speculation, let’s grasp the current situation based on reliable sources.

Results of Investigation into Binance’s Official Website and Official Social Media

As of the time of writing this article (May 16, 2025), there is no information on Binance’s official website or official X account formally announcing a specific listing plan for Pi Network. Regarding the trending social media post, Binance has not officially acknowledged that it intended to hint at a Pi Network listing. Binance has conducted community polls in the past asking users if they would like Pi Network to be listed, but this does not directly lead to a listing promise.

Some unconfirmed information is circulating that Binance is conducting deposit and withdrawal tests for Pi Network, but this has also not been officially confirmed.

Official Statement from Pi Network Management (Pi Core Team)?

On the other hand, the Pi Core Team, the management entity of Pi Network, has also made no official announcement regarding a specific listing on Binance at this time. Pi Network is currently in the process of preparing for the transition to “Open Mainnet,” a crucial milestone for the project. The Open Mainnet means that the Pi Network blockchain will be connected to external networks, allowing Pi coins to be moved freely.

The Pi Core Team has shown signs of steady progress, such as announcing a $100 million venture fund for ecosystem development and moving to shut down central nodes to promote decentralization. However, these actions do not immediately mean a listing on Binance.

What does it mean for a cryptocurrency to be “listed” on an exchange? The general process and the importance of KYC/KYB

Here, let’s briefly supplement the term “listing.” When a cryptocurrency is listed on an exchange, it is similar to a company’s stock becoming tradable on a stock exchange. This makes the cryptocurrency known to more people, increases opportunities for buying and selling, and generally enhances liquidity (ease of trading).

When an exchange lists a new cryptocurrency, it rigorously screens the project’s reliability, technical safety, future potential, and compliance with legal regulations. Particularly important are KYC (Know Your Customer) and KYB (Know Your Business). These are procedures to clearly identify individuals participating in transactions and project management organizations, and to prevent fraudulent activities such as money laundering. For Pi Network to be listed on a major exchange like Binance, it needs to clear these screening criteria. The source video speculated that Binance was asking Pi Network to submit KYB, but Binance might lack the “face” to apply, but generally, the project side applies to the exchange for listing and undergoes screening.

Why is there so much attention? The Background of Pi Network and Binance

Even if there is no official announcement at this point and it is still in the speculation phase, there are reasons why the rumor of Pi Network listing on Binance has become such a big topic. We will explain the uniqueness of Pi Network, the huge influence of the Binance exchange, and the “hope for the future” that many people hold.

What is Pi Network? The Mechanism of Smartphone Mining and a Grand Vision (Brief Explanation)

Pi Network is a project launched in 2019 by a team with PhDs from Stanford University. Its biggest feature is that anyone can easily “mine” Pi coins using a smartphone app. Normally, mining cryptocurrencies like Bitcoin requires high-performance computers and a large amount of electricity, but Pi Network is said to be able to participate with almost no smartphone battery consumption due to its unique mechanism (such as an improved version of the Stellar Consensus Protocol).

Due to its ease of use, it has gained tens of millions of users worldwide according to official announcements, and Pi Network aims to build a “decentralized digital currency and ecosystem accessible to everyone.” It is currently still under development, and the full-scale use and exchange of mined Pi coins are expected to be possible after the aforementioned Open Mainnet transition.

What is Binance? The Influence of One of the World’s Largest Cryptocurrency Exchanges

On the other hand, Binance, founded in 2017, is one of the world’s largest cryptocurrency exchanges by daily trading volume. It has an overwhelming presence in the cryptocurrency industry in terms of the variety of listed assets, high trading volume, and global reach. It also provides services in Japan as Binance Japan, which is licensed by the Financial Services Agency. Listing a new cryptocurrency on Binance is often expected to be a significant sign of credibility for the project and have a positive impact on its price.

“What if the Pi coins I’ve been diligently accumulating could be traded on Binance…?” Thinking about that makes you excited, doesn’t it?

If Listing Were to Happen… Expected Benefits and Potential Risks

If Pi Network were to be listed on Binance, the following benefits could be expected:

Increased Liquidity: More people wanting to buy and sell Pi coins could gather, potentially leading to smoother trading.
Increased Awareness: Listing on Binance would make Pi Network known to even more people.
Price Discovery: A fair price for Pi coins is expected to be formed by market supply and demand.

However, there are not only benefits. You also need to understand the following potential risks:

Price Volatility Risk: The price may fluctuate significantly immediately after listing. It is not uncommon for prices to rise on expectation and then fall.
Dependence on Project Progress: Even after listing, the value may not be maintained or increased unless the Pi Network project itself continues development and the ecosystem grows.
Regulatory Risk: Regulations regarding cryptocurrencies in each country are constantly changing, which could affect the project and trading.

The Recent “Logo Stir” and the Future Potential of Pi Network

We will also objectively consider the recent Binance post and the future potential of Pi Network as a project itself.

Was the “Logo” Really an Intentional Sign, or Just a Coincidence?

Many cryptocurrency-related media outlets and analysts report that the Binance post “might suggest the possibility of a Pi Network listing,” but they also point out that it is speculation. In the cryptocurrency industry, exchanges sometimes intentionally give ambiguous hints to gauge community reaction. However, this does not necessarily lead to confirmed information, so excessive expectations should be avoided.

The important thing is that unless Binance officially explains what the post means, everything is within the realm of interpretation.

Pi Network’s Roadmap and Current Progress (Expectations and Challenges for Open Mainnet)

The most important factor in predicting the future of Pi Network is the smooth transition to the Open Mainnet and the subsequent development of the ecosystem. According to official information, the transition to the Open Mainnet took place on February 20, 2025, creating an environment where transfers to external wallets and listing on external exchanges are possible. Moving forward, the key will be how many applications (DApps) and services using Pi coins actually emerge and create practical value.

Pi Network has been under development for many years, and some have pointed out the slow progress of the project, and there have been past suspicions that its mechanism (such as the referral system) might be a pyramid scheme. However, the huge community of tens of millions of people and the ease of access that allows anyone to participate with a smartphone are major strengths that other projects do not have.

What We Should Learn from Past Similar Cases

In the past, there have been numerous cases where rumors of a specific cryptocurrency listing on a major exchange preceded the actual event, leading to a temporary price surge, followed by a sharp decline when no actual announcement was made or the content was disappointing. As the market adage “Buy the rumor, sell the news” suggests, remember that price fluctuations tend to be particularly volatile during periods of speculation.

Don’t Be Swayed by Speculation! How to Deal with Information

In the world of new technology and investment, various pieces of information, both valuable and worthless, fly around every day. Especially in the age of social media, information spreads quickly, and it can be difficult to discern what is true. Based on this case, we will share important mindsets for dealing wisely with information and making calm judgments.

When you feel, “This information might be a great opportunity, but is it true…?”, that’s when it’s important to pause and think.

Before Getting Carried Away, Make It a Habit to First Check Official Information

No matter how attractive the information is, first check if the source of the information is reliable and if it can be backed up by official announcements from the project’s official website or the exchange. It is dangerous to make judgments based solely on information from friends or social media posts.

A Calm Eye to Distinguish Between “Rumors” or “Speculation” and “Confirmed Information”

Expressions like “it seems,” “it might be,” or “it’s a sign of…” are merely guesses or expectations. Make it a habit to clearly distinguish between confirmed information and other information, and make judgments based on confirmed information. This is especially true when it comes to investment decisions.

A Perspective to Look at the Project’s Intrinsic Value, Not Just Short-Term Price Fluctuations

The price of cryptocurrencies can fluctuate significantly in a short period due to various factors. However, what is truly important is what value the project aims to create in the long term, whether you can empathize with its technology and vision, and if you are investing, to do so within a range that will not affect your life if lost.

The term DYOR (Do Your Own Research) is often used in the world of cryptocurrency. This indicates the importance of not blindly believing information from others, but rather researching and making judgments for yourself.

Summary: The “Current Conclusion” on the Pi Network Binance Listing Rumor and the Actions You Should Take Next

Now, regarding the series of rumors about Pi Network listing on Binance, we have looked closely at the source of the information, fact-checking, expert opinions, and how we should deal with information. Finally, we will summarize the current conclusion on this matter and the specific actions you should take when you encounter information about Pi Network or similar information in the future.

Current Summary: Is Listing Possible?

As of the current date (May 16, 2025), there is no official announcement that Pi Network will be listed on Binance. While it is confirmed that a mark resembling the Pi Network logo was present in a Binance social media post, there is no certainty that this was intended to signal a listing. It remains in the realm of speculation, and we must await future official announcements.

Pi Network itself has transitioned to the Open Mainnet and is showing signs of expanding its ecosystem, indicating that the project is moving forward. However, whether this will immediately lead to a listing on Binance is still unknown to anyone.

Key Points to Watch and Tips for Gathering Information

Here are the key points to watch regarding Pi Network in the future:

Official Announcements from the Pi Core Team: Prioritize checking official information regarding project progress, especially concrete developments in the ecosystem after the Open Mainnet transition, and partnerships with exchanges. Following Pi Network’s official website and official social media accounts is recommended.
Official Announcements from Binance: When Binance lists a new asset, they always announce it in advance on their official website and official social media.
Reliable News Sources: Refer to information from major economic media outlets and reputable cryptocurrency-specific news sites.

It is important to stay alert so you don’t think “Maybe that information was true?” later, but be cautious in selecting information.

The Importance of Having Your Own Judgment Criteria

Not limited to Pi Network, when encountering new technologies or investment targets, it is most important to have your own judgment criteria rather than being swayed by others’ opinions or rumors. It is crucial to adhere to basic principles such as whether you can empathize with the project’s philosophy, whether you want to get involved after understanding the risks, and if you are investing, doing so within a range that will not affect your life if lost.

We hope this article will be helpful in facing information about Pi Network and other cryptocurrencies and making better judgments. With a sense of understanding, “Ah, I see!”, and a calm spirit of inquiry, “Let’s examine the information more closely,” let’s keep an eye on the trends in new technology.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation for specific actions. Investing in cryptocurrencies involves high risk. Please act based on your own judgment and responsibility.

Tracking Rumors of Pi Network and Binance Partnership: Pi Browser Domain Access Check and Current Status

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Hello, everyone following the developments of Pi Network. Are you aware of the recent buzz on social media suggesting a potential collaboration between Pi Network and Binance, one of the world’s largest cryptocurrency exchanges? In particular, the phenomenon where accessing the domain ‘pi.binance.com’ from the Pi Browser displays the Binance website has attracted attention, leading to hopeful voices asking, “Is this a sign of listing?” In this article, to investigate the truth behind this rumor, we will objectively explain the facts of the access verification in Pi Browser, related information, and the current situation, incorporating search results.

Origin of the Rumor: Domain Access from Pi Browser

Information has spread on social media, particularly Twitter (now X), stating that “entering a specific domain in the Pi Browser displays an external platform.” Specifically, the following domains have been mentioned:

pi.binance.com: Displays the official Binance website
pi.zipto.com: Displays the Zipto Wallet page
pi.banza.com: Displays the Banxa page

On the other hand, it has also been reported that other exchange domains like “pi.coinbase.com” are not accessible, and this difference has fueled speculation like “Is some kind of collaboration preparation underway between Pi Network and Binance, Zipto, and Banxa?” Access to pi.binance.com, in particular, is often discussed in connection with expectations of listing on Binance.

Indeed, accessing these domains using the Pi Browser confirms that the respective sites are displayed, as reported. This indicates that technical connection is possible within the Pi Browser.

Relationship with Accessible Platforms

So, what is the relationship between Binance, Zipto, and Banxa, which have been confirmed to be accessible, and Pi Network?

Binance: Listing Undecided, Speculation Continues

Binance, which is attracting the most attention, however, as of the current time (May 2025), Pi Network (PI) is not listed on Binance . For Binance to decide on a listing, the project must meet strict review criteria, including technical reliability, community activity, and regulatory compliance . It has been pointed out that factors such as not being built on the BNB Smart Chain, which Binance primarily uses, could be a barrier to listing .

In the past, Binance conducted a community poll regarding Pi listing and received high support, but this was merely to gauge interest and did not promise a listing . Regarding the possibility of accessing pi.binance.com, it is also possible that this is a test by the Pi Network side or preparation for future dApp integration, or simply a technical setting, rather than an official move by Binance . There are also rumors that Binance is applying for KYB (Know Your Business) verification for Pi Network, but this is also unconfirmed information.

Zipto Wallet: Officially Integrated Third-Party Wallet

Zipto Wallet has been announced as the first major third-party wallet app integrated with Pi Network . This is expected to allow Pioneers (Pi Network users) to send and receive Pi coins within the Zipto Wallet, manage them, and potentially connect to DeFi (Decentralized Finance) services in the future . Access to pi.zipto.com is highly likely to be a movement related to this integration.

Banxa: Gateway Enabling Pi Purchase with Fiat Currency

Banxa is a payment solution provider that mediates the exchange from fiat currency (such as US dollars) to cryptocurrency. Pi Network has officially integrated with Banxa, allowing users to directly purchase Pi coins using credit cards or bank transfers . This is evaluated as an important step that makes accessing Pi easier for users unfamiliar with cryptocurrency trading and lowers the barrier to participating in the ecosystem . Recently, there have also been reports of a surge in Pi purchases via Banxa, indicating the community’s anticipation . Access to pi.banza.com is also considered to reflect this collaboration.

Introduction of .pi Domain

As a related development, Pi Network has introduced its own domain system called “.pi” and started offering it in an auction format within the Pi Browser . This allows users to acquire domain names like “yourname.pi” or “yourservice.pi” using Pi coins. There is also information that names of famous companies like “amazon.pi” and “binance.pi” have already been secured by some, and expectations for future value are being discussed . However, these domains currently only function within the Pi Browser and have the limitation of not being accessible from regular internet browsers .

Summary: What is Fact, What is Speculation

The fact that domains like pi.binance.com can be accessed from the Pi Browser has been confirmed. However, this does not immediately mean a listing on Binance or a formal partnership. Synthesizing the search results, it can be organized as follows:

Facts:
- Access possible to pi.binance.com, pi.zipto.com, pi.banza.com from Pi Browser.
- Pi Network is not listed on Binance .
- Zipto Wallet has been integrated with Pi Network .
- Banxa has been integrated with Pi Network, enabling Pi purchase with fiat currency .
- Pi Network has introduced the “.pi” domain .
Speculation/Possibilities:
- Access to pi.binance.com might be a preparatory stage for future collaboration or dApp integration .
- Binance might be applying for KYB verification for Pi Network (weak basis).
- If Pi Network transitions to open mainnet, the possibility of listing on Binance might also increase .

Pi Network is still under development, and the transition to open mainnet, in particular, will be key to future developments. While various rumors and speculations are circulating, it is important to calmly judge information based on official announcements. The collaboration with Zipto and Banxa can be considered a solid step towards ecosystem expansion. Regarding the relationship with Binance, it is necessary to continue monitoring future developments.

Binance Demands $50 Million for Pi Network Listing? The Truth Behind the Rumor and Future Prospects

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There’s a rumor making waves in the cryptocurrency world. It’s said that Binance, the world’s largest cryptocurrency exchange, is demanding a staggering $50 million (approximately 7.5 billion JPY) to list the coin of the rapidly growing Pi Network. Is this rumor true? And if so, what impact will it have on the Pi Network and its supporters?

Pi Network’s Current Status and Market Position

The Pi Network officially launched its mainnet on February 20, 2025, and has quickly gained attention in the cryptocurrency market. As of March 10, 2025, the trading price of Pi Coin has fallen to approximately $1.39 (about 209 JPY), recording a decline of about 12% from the previous day. Nevertheless, it maintains a market capitalization of approximately $12.9 billion (about 1.94 trillion JPY), establishing its position as the 12th largest cryptocurrency by market cap.

Pi Network is Top Trending on CoinGecko! Binance Listing Status and Future Outlook

Notably, the Pi Network is already expanding its real-world use cases. Zito Realty LLC in Florida is accepting Pi Coin as a payment method for real estate transactions, allowing the Pi Network to enter the $3.43 trillion U.S. real estate market. Furthermore, integration plans with the AI16ZH ecosystem are underway, which could potentially connect approximately 200,000 users worldwide to the Pi Network.

Pi Coin’s Practical Use Advances! Real Estate and Car Purchases Possible in Florida

It is also said that the Pi Network plans to launch approximately 100 applications within its ecosystem leading up to “Pi Day” on March 14. This could allow users to actually use Pi Coin within the ecosystem instead of selling it on exchanges, which is one reason why many “Pioneers” (Pi Network users) are holding onto their coins and avoiding low-price sales.

Of note is the upcoming large-scale unlock schedule for Pi Coin. According to PiScan data, a total of 282 million tokens (worth approximately $390.93 million at the current rate) are expected to enter the market in the next 30 days. Specifically, on March 17 and March 21, over 23 million Pi Coins are scheduled to be unlocked on each day, which could put supply pressure on the market.

Conflict Between Binance and Pi Network

Despite its rapid growth, the Pi Network also faces significant challenges. One is listing on major exchanges. Currently, it is not yet listed on Binance, the world’s largest exchange, which is causing growing dissatisfaction among the Pi community.

The Future of Pi Coin: KYC Deadline Approaching! Explanation of Binance Listing and Price Potential

Amidst this, a shocking rumor spread. It claimed that Binance was demanding an exorbitant $50 million to list Pi Coin. This rumor was disseminated across various social media platforms and picked up by many cryptocurrency influencers. However, as of now, neither Binance nor the Pi Network core team has issued an official statement regarding this rumor.

The amount of $50 million is unusually high compared to industry standards. While listing fees on major exchanges are typically said to be in the range of a few million dollars, it seems unnatural for Binance to make such a demand for a project like the Pi Network, which has over 60 million users. However, the credibility of this rumor has not been confirmed at this time and should be treated with caution.

Community Vote and Its Results

From February 17 to 27, 2025, Binance conducted a vote regarding the listing of Pi Coin through its Binance Square Official account. In this vote, out of 232,676 valid votes, 88% (202,547 votes) were in favor of listing Pi Coin, while only 12% (30,129 votes) were against it.

To participate in the Binance vote, users were required to hold assets worth at least $5 and complete identity verification. Many Pi supporters made deposits and completed procedures to meet these conditions and participate in the vote.

However, when Binance announced the voting results, they explicitly stated that this was merely “reference information” and would not directly influence the listing decision. According to Binance, the listing decision process considers many factors, including project quality, team reliability, market demand, use cases, technological innovation, regulatory compliance, and more. On March 1, Binance updated the voting results but did not indicate a commitment to listing Pi Coin.

Backlash Against Binance by Pi Supporters

Following the announcement of the voting results, many Pi Network supporters expressed anger. Many of them believed that the voting results would lead to a listing. This disappointment manifested in the form of a large-scale posting of 1-star reviews on the Binance app.

In a Pi Network Facebook group with over 135,000 members, a post encouraging members to “Give Binance a 1-star rating for disrespecting the Pi Network project” spread widely. Similar calls were disseminated on Facebook and X (formerly Twitter), and many users claimed to have taken action.

As a result of this protest, Binance’s rating on Google Play plummeted from 4.9/5 to 3.8/5, with 2.86 million reviews posted. On the App Store, the rating also dropped from 4.8/5 to 4.2/5, with approximately 12,400 ratings submitted. Many 1-star reviews included criticisms such as “They tricked users into depositing money for the vote” and “They disrespected the Pi Network project.”

This is not the first time Pi Network supporters have targeted a cryptocurrency exchange. Rival exchange Bybit faced similar backlash, and its CEO, Ben Zhou, issued a warning that “Pi Network is a potential scam,” after which its rating on Google Play plummeted from 4.7/5 to 2.8/5.

Pi Network and BYBIT Controversy: Debate Over Project Legitimacy and Misunderstandings

Pi Coin Price Prediction and Future Outlook

With Pi Coin trading around $1.39 as of March 10, 2025, how would its price fluctuate if it were listed on Binance? Some analysts suggest that a Binance listing could potentially push Pi’s price above $10. If this were to happen, Pi could potentially enter the top 10 cryptocurrencies by market capitalization.

Predictions from various analysis sites suggest that Pi Coin could reach approximately $234 to $280 by 2030. While more optimistic predictions exist, many analysts anticipate growth within this range. For Pi Coin to reach these heights, the following factors need to align:

Successful operation of the open mainnet
Listing of Pi Coin by Binance and other major exchanges
Sustained community interest and trading volume
Clear regulatory stance and confirmation of legitimacy

However, it is important to remember that these predictions are speculative, and actual price movements are influenced by many factors. Especially for emerging cryptocurrency projects, price fluctuations are often unpredictable.

Concerns Regarding Project Legitimacy

Despite the rapid growth of the Pi Network and the enthusiasm of its community, there are also many voices raising doubts about the project’s legitimacy. Blockchain expert Anh Bang points out that despite the Pi Network launching its mainnet after 6 years of development, it has not yet released essential elements for a legitimate cryptocurrency project, such as smart contracts and open-source code.

Furthermore, accusations of being a “pyramid scheme” have surfaced in China, and it is questionable whether Binance would take such a risk to list Pi Coin. The warning from Bybit CEO Ben Zhou that “Pi Network is a potential scam” may also be affecting the project’s credibility.

On the other hand, Pi Network supporters claim that the project has a long-term vision and is focused on building a sustainable ecosystem. According to them, Pi is not just a speculative crypto asset but aims to function as a practical payment method.

“Traditional cryptocurrencies have only one purpose: buying and selling on exchanges. Warren Buffett once said, ‘If you gave me all the bitcoin in the world, I wouldn’t know what to do with it,’ but if the Pi Network’s 100 application ecosystem is fully implemented, this view may no longer hold true.”

Summary: Attention on Future Developments

The rumor that Binance demanded a $50 million listing fee from the Pi Network is not confirmed at this time. However, regardless of whether this rumor is true, the tension between the Pi Network, its community, and major exchanges is evident.

Despite the overwhelming majority supporting the listing of Pi Coin in the Binance vote, whether an actual listing will materialize remains uncertain. Binance emphasizes a comprehensive due diligence process and has made it clear that decisions are not solely based on popularity polls.

This situation highlights the complex relationship between emerging projects and established major platforms in the rapidly evolving cryptocurrency market. As cryptocurrency investors, it is crucial to base decisions on official announcements and concrete technical developments, rather than being swayed by rumors or excessive expectations.

The developments concerning the Pi Network and Binance will continue to be watched closely. In particular, how the Pi Network resolves technical challenges and enhances project credibility, and how Binance responds to this popular project, will be important indicators for the cryptocurrency market as a whole.

The announcement of 100 applications scheduled for “Pi Day” on March 14 will also be a significant event indicating the project’s future direction. Furthermore, the large-scale token unlocks scheduled for March 17 and 21 are also points of interest regarding their potential impact on the price of Pi Coin. Whether the future Pi Network aims for as a “practical payment method” will be realized or if it will succumb to criticism, it is necessary to continue paying attention to future developments.

Pi Network’s Legal Advantage Seen from Binance’s Stablecoin Handling Restrictions

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In recent years, legal regulations have been strengthened in the crypto asset market, and among them, the European Union (EU)’s “MiCA (Markets in Crypto-Assets Regulation)” has attracted attention. This regulation was introduced to ensure transparency, safety, and reliability in the crypto asset market, and it is affecting many exchanges and projects. This article explains the background behind Binance’s delisting of Stablecoin trading pairs and how Pi Network is establishing its advantage in this strict regulatory environment.

Why Binance Delisted Stablecoin Trading Pairs

Binance recently announced the delisting of some Stablecoin trading pairs. This decision is to ensure compliance with MiCA regulations. MiCA requires high transparency and asset backing requirements from Stablecoin issuers and exchanges. Specifically, the conditions are that Stablecoins are backed by sufficient reserves and that their operations are auditable.

For example, even USDT (Tether), which is the most widely used in the market, requires further verification under this new regulatory environment. Against this backdrop, Binance aims to continue operating in the EU market by delisting Stablecoin trading pairs that do not meet legal requirements.

Pi Network’s Legal Preparation and Its Advantage

On the other hand, Pi Network has been preparing legally for many years. This period spans a remarkable six years. The project is operated under strict standards that leave no room for criticism from regulatory bodies worldwide. As a result, Pi Network already meets MiCA regulatory standards and is expanding its scope of activity not only in the European market but globally.

A noteworthy point is that in many cases, new crypto asset projects require significant effort and negotiation to be listed on exchanges. However, in the case of Pi Network, the opposite is true. Exchanges must meet Pi Network’s standards, and this fact alone demonstrates the project’s high reliability and value.

US/European Standards and Pi Network

Regulatory standards in the financial sector are very strict in the United States and Europe. This trend is particularly pronounced in the crypto asset sector. Operating in these regions requires a high degree of transparency and legal compliance capability. The fact that Pi Network clears these standards speaks to the robustness of its technology and operational structure.

Message to Users

Currently, many users are interested in when Binance will list Pi Coin. However, there is a reason for this delay. It is possible that Binance has not yet fully cleared Pi Network’s strict standards. This point needs to be watched closely in the future.

Summary

As legal regulations advance in the crypto asset market, projects and exchanges are required to meet higher standards than ever before. Pi Network, with its excellent legal preparation and transparency, has built a solid position even in this strict environment. Meanwhile, major exchange Binance is also scrambling to respond to the new regulatory environment, and its movements are worth keeping an eye on.

Pi Network on Binance? Watch for the March 1st Announcement!

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Rumors are spreading that “Pi Network,” a project attracting attention in the cryptocurrency market, may be listed on Binance on March 1, 2025. However, there has been no official announcement at this time, and everything is merely speculation. This article will delve into the background of this topic, community reactions, and the basis of the rumors.

Binance’s Movements: Possibility of Pi Network Listing

From February 17 to 27, 2025, Binance conducted a community poll on its official platform asking if users were “interested in listing Pi Network.” Over 295,000 people participated in this poll, with 86% voting in favor. However, this result is treated only as reference information and has not led to a final decision.

Furthermore, some predict that there will be some kind of announcement on March 1, but no specific statement from Binance has been confirmed at this time.

Pi Network Binance Listing Vote Begins!

Basis of the Rumor: The Number “3.14” and Pi Network

Pi Network, derived from the mathematical symbol “π (pi),” means the ratio of a circle’s circumference to its diameter (3.14) itself. This connection has been noted by some community members. However, there has been no mention or confirmation from Binance regarding such an intentional arrangement.

Community Reactions

Within the Pi Network community, many voices say, “Pi is finally listing on Binance!” Numerous supportive posts have been shared in the comment section, along with hashtags such as “#pinetwork” and “#crypto.”

Optimists: “This is definitely a sign of listing!”
Cautious: “There’s no official announcement yet, so it’s better to be careful.”

On the other hand, there are also many calm opinions stating, “This is just a coincidence.” In any case, attention is focused on the future of Pi Network.

Past Trends: Listing on Other Exchanges

Although Pi Network has been listed on some exchanges on a test basis, it has not yet achieved a full official listing on major exchanges. This situation further heightens expectations for the current rumor.

Caution: This is Purely Speculation

Finally, it is important to emphasize that this information is purely speculation, and nothing has been confirmed at this time. Until an official statement is released from Binance or Pi Network, acting based on this rumor carries risks, so it is important to maintain a cautious stance.

Summary: Pay Attention to March 1!

The rumors about Pi Network and Binance have generated much anticipation and discussion. There are interesting elements such as the predicted announcement date and mathematical connections, attracting attention from many people.

Will this rumor become a reality? While eagerly awaiting the announcement on March 1, let’s also gather information ourselves.

*This article is based on speculation, and investment decisions are made at your own risk.

Voting for Pi Network’s Binance Listing Begins!

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On February 17, 2025, Binance, one of the world’s largest cryptocurrency exchanges, launched a community vote regarding the listing of Pi Network (PI coin). This vote is attracting attention as an important step to evaluate the project’s future potential.

Details of the Binance Listing Vote

Binance has adopted arare voting formatthis time to reflect community opinions. The voting period is from February 17, 2025, 14:45 (UTC) to February 27, 23:59 (UTC), and participation requires meeting the following conditions:

Having a KYC-verified Binance account
Holding assets worth at least $5 in the account

Users who meet these conditions can vote “Yes” or “No”. However, this result will be treated as reference information, and the final listing decision will be based on Binance’s own evaluation process.

Vote here
https://www.binance.com/en/square/post/20434899280394

Current Voting Status

As of now, over 2 million votes have been collected, with86% in favor of listing. This result indicates high expectations within the Pi Network community.

The administrator believes the listing is confirmed. It feels like the voting format was created as a way to buy time to collect Pi coins. Even for the largest exchange, securing Pi might be difficult.

This meme was also created after the voting began.

Bybit’s Position

Bybit is said to be unable to list $Pi, or the possibility is extremely low, due to regulatory or technical reasons.

Nevertheless, the scenario where they are being whispered information that “Binance is also preparing to list $Pi” is unrealistic yet humorous.

For recent movements of Bybit, refer here
Pi Network Shaken by KYB Introduction: Impact of Bybit CEO’s Remarks on Investors

Point of Irony

The point that Bybit itself cannot handle $Pi, yet is reacting to information that Binance (the world’s largest exchange) is preparing for it, is surreal.

This meme makes it seem as if Bybit is “sensitive to the movements of its competitor, Binance,” but the fact that it cannot participate in that competition in the first place is the source of humor.

Cryptocurrency Community Culture

In the cryptocurrency world, unconfirmed information and rumors often fly around, which can be factors that fuel price fluctuations and expectations. This meme satirically depicts such a situation.

Essence of Humor

The gap between the reality that Bybit cannot list $Pi and the scene where it is hearing rumors that “Binance is also preparing for listing” creates the humor of this meme. Also, by being contrasted with the giant entity “Binance,” Bybit’s weak position and absurdity are highlighted.This meme is a humorous work that satirizes the rumors and expectations unique to the cryptocurrency community, as well as the competitive structure between exchanges.

Pi Network Mainnet Launch Imminent? Binance’s Developments and What Investors Need to Know

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Latest Developments Regarding Pi Network Mainnet Launch

One of the most watched projects in the cryptocurrency industry, Pi Network, is nearing its mainnet launch. According to the latest information, major exchange Binance has shown strong interest in this development, invigorating the entire market.

Binance’s Interest and Market Reaction

A post regarding Pi Network has been confirmed on Binance’s official channels, generating excitement throughout the community. This information increases the likelihood that the Pi Network mainnet launch will occur between the end of this year and early next year.

Features and Reasons for Pi Network’s Popularity

The main reasons why Pi Network is attracting attention are as follows:

Large user base of over 35 million people
Unique approach allowing easy mining on smartphones
Long-term vision and phased development strategy

Expectations and Concerns Regarding Mainnet Launch

As the mainnet launch approaches, various discussions are becoming active within the community.

Token Supply and Price Predictions

Many investors and analysts are making predictions about the supply and future price of Pi tokens. However, accurate information has not yet been released, requiring a cautious approach.

Expectations for Official Listing Date

Much speculation is also circulating regarding the listing date on major exchanges like Binance. While it is wise to wait for an official announcement, listing is expected relatively soon after the mainnet launch.

Points to Note When Investing in Pi Network

While interest in Pi Network is growing, investment also comes with risks. The following points require attention.

Scammer Activity and Countermeasures

Scammers and malicious third parties are taking advantage of Pi Network’s popularity. Exercise extreme caution and do not easily share personal information or private keys.

Importance of Safe Transactions and Information Gathering

When making investment decisions, always verify information from official channels and avoid being misled by rumors or unconfirmed information. Also, remember the principle of self-responsibility and thoroughly manage risks.

Future Outlook and Conclusion

The Pi Network mainnet launch has the potential to significantly impact the cryptocurrency industry. With its innovative mobile mining and large user base, attention is focused on how Pi Network will integrate into the existing cryptocurrency ecosystem.

Investors should always check the latest information and strive for careful and calm judgment. The success of Pi Network holds the potential to be a significant step towards the popularization and wider adoption of cryptocurrency.

Why Binance is Watching Pi Network: Secrets and Future Potential of the Innovative Crypto Project

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1. What is Pi Network: The Next-Generation Cryptocurrency Mineable on Smartphones

Pi Network is a decentralized cryptocurrency project launched in 2019 by a group of Stanford University Ph.D. graduates. The biggest feature of this project is that you can easily mine cryptocurrency (Pi coin) using a smartphone. Unlike traditional cryptocurrencies like Bitcoin, it adopts an innovative mining method that does not require expensive hardware or enormous energy consumption.

1.1 Key Features of Pi Network

Easily mineable through a smartphone app
Does not require significant computing power or electricity consumption
Adopts the Stellar Consensus Protocol (SCP) to achieve fast and efficient transactions
User-friendly interface makes it easy for cryptocurrency beginners to participate
Mining is possible by simply tapping a button in the app once every 24 hours

1.2 Growth and Current Status of Pi Network

Pi Network has been growing rapidly since its launch and is now a large-scale project with over 55 million users. This growth rate is unprecedented in the cryptocurrency industry and has attracted the attention of many investors and experts.

2. Binance’s View: Potential and Challenges of Pi Network

Binance, the world’s largest cryptocurrency exchange, published a detailed analysis report on Pi Network on October 11, 2023. The report highly evaluates Pi Network’s innovation and future potential. The attention from an industry giant like Binance can be seen as a reconfirmation of Pi Network’s credibility and potential value.

2.1 Strengths of Pi Network Noted by Binance

High Accessibility: Participation is possible with just a smartphone, contributing to the mass adoption of cryptocurrency
Rapidly Growing User Base: Acquired over 55 million users and continues to expand
Expectation for the Mainnet Launch Scheduled for Late 2024: The true value of the project will be tested with the start of full-scale trading
Innovative Mining Method: An environmentally friendly mining system that anyone can participate in
Strong Development Team: Led by talented individuals from Stanford University

2.2 Challenges of Pi Network Pointed Out by Binance

On the other hand, Binance’s report also points out several challenges:

Mainnet Launch Delay: Concern about being behind the original schedule
Uncertainty of Actual Value: The actual value of Pi coin is unknown as trading has not yet begun
Security Challenges: The importance of security measures for a project with a large user base

3. Current Status and Future Developments of Pi Network

Currently, Pi Network is in the closed mainnet phase, where users can mine Pi coin, but trading is not yet possible. The mainnet launch scheduled for late 2024 will be a crucial turning point for the project. With this launch, Pi coin will become actually tradable, and its true value will be evaluated by the market.

3.1 Conditions for Mainnet Launch

The Pi Network team has set the following conditions for the mainnet launch:

15 million KYC (Know Your Customer) verified users: To prevent fraudulent use and enhance project credibility
10 million users migrated to the mainnet: To ensure sufficient liquidity and a vibrant ecosystem
Over 100 applications running on the Pi Network ecosystem: To demonstrate utility and diversity

3.2 Pi Network Ecosystem Development

Pi Network aims to build a comprehensive ecosystem, not just a cryptocurrency project. This includes initiatives such as:

Pi Browser: A platform for decentralized applications (DApps)
Pi Wallet: A secure and easy-to-use crypto asset management tool
Pi Marketplace: A platform for trading goods and services using Pi coin
Developer Incubator Program: Support for the development of new applications

4. Concerns and Countermeasures Regarding Pi Network

Due to its referral-based system and delays in the mainnet launch, some concerns have been raised about Pi Network. In particular, suspicions of it being a pyramid scheme are sometimes brought up. However, the project team is taking the following measures to address these concerns:

4.1 Project Team’s Countermeasures

Introduction of KYC (Know Your Customer) process: Elimination of fraudulent use and bot accounts
Focus on Decentralization: Avoiding centralized management and aiming for community-driven development
Ensuring Transparency: Regular progress reports and publication of the development roadmap
Security Enhancement: Implementation of security audits by external experts
Provision of Educational Content: Support for improving users’ cryptocurrency literacy

According to Binance’s report, the true value of Pi Network is expected to become clear at the time of the mainnet launch in late 2024. At this point, the project’s sustainability and actual value will be evaluated by the market.

5. Impact of Pi Network on the Cryptocurrency Industry

Pi Network has the potential to significantly impact the cryptocurrency industry through its innovative approach:

5.1 Mass Adoption of Cryptocurrency

By providing an easy mining method using smartphones, it significantly lowers the barrier to entry for general users into cryptocurrency. This has the potential to accelerate the spread and adoption of cryptocurrency.

5.2 Environmentally Friendly Cryptocurrency

Unlike traditional high-energy consumption mining, Pi Network’s low-power consumption approach presents a new model for environmentally conscious cryptocurrency.

5.3 Potential for a New Economic Model

If the Pi Network ecosystem is successful, a new economic sphere centered around smartphones could emerge. This could have a significant impact on financial inclusion, especially in developing countries.

6. Conclusion: The Future of Pi Network and its Impact on the Cryptocurrency Industry

Pi Network is bringing a new wave to the cryptocurrency industry with its innovative mining method utilizing smartphones and its rapidly expanding user base. The attention from major exchanges like Binance also indicates its potential influence.

As the mainnet launch approaches in late 2024, the developments of Pi Network are worth watching closely. This project, with the potential to promote the mass adoption and wider acceptance of cryptocurrency, could bring about significant changes to the entire industry.

However, many challenges also exist. There are not a few hurdles to clear, such as ensuring security, proving actual value, and coordinating with regulatory authorities. Attention is focused on whether Pi Network can overcome these challenges and usher in a new era of cryptocurrency.

A wide range of people, including not only cryptocurrency investors and technology enthusiasts but also general users, are watching the success of Pi Network. If this project succeeds, it will not only mean the birth of a new cryptocurrency but also has the potential to transform the very nature of the digital economy. Pi Network’s challenge has just begun.